Investment Opportunity
SAB Capital is pleased to present Scooter’s in Louisville, Kentucky. The tenant is a rapidly growing drive-thru coffee chain with 560 locations nationally. Scooter’s will sign an absolute triple net (NNN), 20-year lease at closing. Coffee is a massive, rapidly growing good that’s consumption has grown by 190% globally since 1964.
- Scooter’s Coffee in Louisville, KY | Largest city in Kentucky
- Zero landlord responsibilities | Absolute triple net (NNN) lease structure
- New construction with long term lease | Construction will complete Q1 2023, 20-year term following
- Rapidly growing operator | Franchisee will have 8 locations by March 2023
- Built-in hedge against inflation | 2% annual increases
- Large, high-growth market | Global coffee consumption has grown 190% since 1964
- Growing brand within submarket | Scooter’s expects to have over two dozen locations in the Greater Louisville region by 2026
- National retailers located nearby | Price Less Foods, Little Caesars, USPS, and Many More
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
Scooters Coffee | $1,029,408 | % | Closed |